ChainCatcher news, Glassnode stated that the supply of stablecoins continues to grow, but the growth rate has slowed in recent weeks.As stablecoins are widely used as a core pricing asset in the crypto market, this slowdown further confirms the trend of liquidity contraction and declining risk appetite in the entire digital asset market.

According to ChainCatcher, as reported by The Block, Bank of America is actively lobbying for regulations on stablecoin issuance that favor banks rather than tech companies. Currently, there is a high-stakes power struggle between traditional banks, tech giants, and cryptocurrency companies like Tether.According to insiders, Bank of America is primarily lobbying lawmakers through industry organizations such as the Bank Policy Institute and the American Bankers Association to establish rules that benefit mature banks in issuing stablecoins, while restricting large tech companies (non-banks) like Amazon and Meta from issuing dollar-backed crypto tokens.

ChainCatcher news, according to Jinshi reports, a Reuters survey shows that the U.S. economy is expected to grow by 1.4% in 2025 and 1.5% in 2026 (previously forecasted at 2.2% and 2.0% in March). The probability of the U.S. entering an economic recession in the next year is 45%, the highest level since December 2023.The inflation expectations for the U.S. Consumer Price Index (CPI) in 2025 have also seen the largest upward adjustment since March 2023.

ChainCatcher news, according to Coingecko market data, the stablecoin sUSD is currently priced at $0.7703, with a 24-hour decline of 9.9%, having depegged by approximately 23%.

According to ChainCatcher news and official social media announcements, HTX DAO will hold a live stream themed "HTX DAO 2025 Q1 Burn Results Disclosure & Development Progress" today at 19:30. At that time, HTX DAO core builders Huobi HTX Liu Ye, Helium, Huobi HTX Research Team, HTX DAO Honorary Committee Member Mao Mao Jie, and Huobi HTX Contract Ambassador Da Biao Ge will be invited to attend, jointly interpreting the HTX DAO first quarter burn data, reviewing project construction achievements, and discussing issues such as DAO governance and future ecological development in depth. This event will be broadcast simultaneously through Huobi Live and Huobi HTX Twitter Space.

ChainCatcher news, according to South Korean media reports, the Financial Services Commission of South Korea issued a statement today, emphasizing that it will proceed with the development of the stablecoin regulatory framework as originally planned. The Financial Services Commission refuted reports that dollar stablecoins have become a major channel for capital outflow, pointing out that during the period from November 2024 to February 2025, the inflow and outflow of dollar stablecoins domestically were comparable (approximately 35.3 trillion won).The Financial Services Commission has listed the "stablecoin regulatory plan" as a top priority in the second virtual assets committee held this January, with plans to complete a detailed review through an inter-agency working group in the second half of 2025.

ChainCatcher news, according to Cointelegraph data, stablecoin trading volume has surpassed Visa's payment volume for the first time in 2024.

ChainCatcher news, according to Jinshi Data reports, Deutsche Bank expects the European Central Bank to cut interest rates by 25 basis points to 2.25% at the April meeting. Although the European Central Bank left room for continued rate cuts or a pause in March, since then, the risk balance has decisively shifted towards an accommodative policy. The impact of reciprocal tariffs, rising uncertainty, and tightening financial conditions on the economy seems to be more severe than the European Central Bank anticipated. Moreover, as anti-inflationary forces become increasingly dominant, the assumption that tariffs will drive up inflation is now being challenged. Major (inflation) downside risks include the rapid appreciation of the euro, falling oil prices, and an increased likelihood of trade diversion, all of which put pressure on the inflation outlook. Deutsche Bank points out that inflation risks are currently clearly skewed to the downside. While guidance after the tariff pause may be only mildly dovish, the European Central Bank must remain flexible in the face of complex and evolving shocks. Deutsche Bank maintains the view that the terminal rate will be set at 1.5% and warns that the market may still underestimate the risk of deflation.

ChainCatcher news, Deutsche Bank expects the European Central Bank to cut interest rates by 25 basis points to 2.25% at the April meeting. Although the ECB left the option open to continue cutting rates or pause in March, since then, the risk balance has decisively shifted towards an accommodative policy. The impact of reciprocal tariffs, rising uncertainty, and tightening financial conditions on the economy appears to be more severe than the ECB had anticipated.Moreover, as anti-inflation forces increasingly dominate, the assumption that tariffs will push up inflation is now being challenged. Major (inflation) downside risks include the rapid appreciation of the euro, falling oil prices, and an increased likelihood of trade diversion, all of which put pressure on the inflation outlook. Deutsche Bank notes that inflation risks are currently clearly skewed to the downside. While guidance after the tariff pause may be only mildly dovish, the ECB must remain flexible in the face of complex and evolving shocks. Deutsche Bank maintains the view that the terminal rate will be set at 1.5% and warns that the market may still be underestimating the risk of deflation.

ChainCatcher news, the RWA stablecoin yield protocol R2 announced today that its testnet is officially live. Users can claim test tokens through Discord, mint R2USD, and stake, participate in interactions with products like R2BTC and R2ETH, while completing tasks on platforms such as Galxe and Intract to earn testnet points Signals and Pulses. All points will be exchanged for R2 tokens according to the rules before the mainnet TGE.The official stated that more test networks will be supported in the coming two weeks, connecting a multi-chain ecosystem to provide users with a broader range of participation paths and choices.R2 aims to build the next generation of redeemable, real yield stablecoin protocols, with underlying assets including on-chain US Treasuries, compliant MMF strategies, and real estate rents. The mainnet is expected to officially launch in the second quarter of 2025.

ChainCatcher news, according to Digital Asset, the South Korean Financial Services Commission (FSC) stated that it does not believe that dollar-denominated stablecoins will lead to unilateral capital outflows. According to FSC data, from November 2024 to February 2025, the total amount of dollar stablecoins flowing into South Korea reached 35.3 trillion won (approximately 24.8 billion USD), while the amount flowing out to foreign countries also reached the same figure. This is the first time the FSC has disclosed data on cross-border stablecoin flows.

ChainCatcher news, the second round of voting for the Binance listing event has ended. The results show that FTT ranked first with 11.1% of the votes, followed by ZEC and JASMY (both at 8.6%), GPS (8.2%), and PDA (7.6%).

ChainCatcher News, Bank of Japan Governor Kazuo Ueda: Economic performance and prices are generally in line with the Bank of Japan's expectations. If the economy and prices develop as anticipated in our quarterly report, the Bank of Japan expects to continue raising interest rates.

ChainCatcher news, according to the Daily News, the Financial Services Commission (FSC) of South Korea has reiterated its commitment to the smooth and timely development of a regulatory framework for stablecoins. Previously, the South Korean government announced plans to review the second phase of legislation for its broader virtual asset framework, with stablecoin regulation listed as a top priority.The FSC confirmed that it will adhere to the original timeline, aiming to draft specific content for the second phase of regulation in the second half of this year. A dedicated working group composed of relevant government agencies will be responsible for organizing this process. The commission also stated that, in light of recent market volatility, it will enhance monitoring of the broader virtual asset market, including stablecoins. These efforts aim to strengthen protection for cryptocurrency users.

ChainCatcher news, according to Reuters, Ivan Chebeskov, head of the Digital Financial Assets Department of the Russian Ministry of Finance, stated that Russia should launch its own stablecoin to adapt to the evolving trends of the global payment system. He pointed out that the current global payment system is undergoing fundamental changes, with several countries developing their own digital currencies, and Russia should not be absent. He also emphasized that stablecoins could play an important role in international settlements, especially in the context of existing payment channels being restricted. Previously, the Central Bank of Russia had begun testing the digital ruble.

ChainCatcher news, World Bank President Banda stated on April 16 local time that uncertainty is leading to a more cautious business and economic environment globally, resulting in global economic growth being lower than expected a few months ago. Countries need to negotiate and dialogue on trade issues.Banda also stated that a suitable regulatory environment must be created to encourage private investment in developing countries and create job opportunities. He added that a discussion on an energy investment strategy covering multiple pathways will take place with the board in June. He also mentioned that the World Bank will expand its private sector participation program, covering areas such as energy, agriculture, infrastructure, healthcare, tourism, and manufacturing.

ChainCatcher news, summary of key points from Powell's speech on April 16:Interest Rate Outlook: High uncertainty; currently in a good position, waiting for clearer signals before considering policy adjustments.Economic Outlook: The U.S. economy remains "robust," with strong imports in the first quarter causing a drag, GDP growth may slow compared to last year.Inflation Outlook: The impact of tariffs may be more persistent, expected to push up inflation; March PCE year-on-year is expected to be 2.3%, core PCE at 2.6%.Labor Market: Overall remains balanced; reduced funding for research is expected to have a significant impact on employment; unemployment rate is expected to rise.Tariff Impact: The extent of tariff increases so far has far exceeded expectations; policies are still being adjusted, and the impact remains highly uncertain.Cryptocurrency: Gradually becoming mainstream, a legal framework for stablecoins needs to be established; bank regulation is expected to see "partial easing."Independence: The independence of the Federal Reserve is legally granted; the Federal Reserve will not be influenced by political pressure.Others: Don't expect the Federal Reserve to step in to rescue the market; if a dollar shortage occurs, the Federal Reserve is prepared to provide liquidity to global central banks.Market Reaction: After a decline, the U.S. dollar index rebounded and then fell again; U.S. stocks continued to decline, with the Nasdaq down nearly 4%, and gold slightly climbed.

ChainCatcher news, Federal Reserve Chairman Powell stated that cryptocurrencies are gradually becoming mainstream, and establishing a legal framework for stablecoins is a good idea. Stablecoins may have broad appeal and consumer protection measures should be established. (Jin Shi)

ChainCatcher news, Federal Reserve Chairman Powell stated that despite increasing uncertainty, downside risks still exist, and the U.S. economy remains "robust." (Jin Ten)